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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

Fico Collections

Consumers face debt burden challenges that could impact U.S. credit risk and FICO® Score trends. Consumers, in turn, responded by reducing spending, paying down debt, increasing savings, and seeking less credit. FICO® Score in 2021 despite the pandemic. However, since April 2021, the average FICO® Score in the U.S.